Polestar: 3 Reasons To Wait

Bill Maurer profile picture
Bill Maurer
33.75K Followers

Summary

  • EV maker completed SPAC deal last week.
  • The company will need more capital to fund growth.
  • The market setup is poor given rising rates, quantitative tightening.

Close up of holding hands

Kelvin Murray/DigitalVision via Getty Images

On Friday, one of the more interesting SPAC deals I've been watching closely finally closed. EV maker Polestar (NASDAQ:PSNY) completed its transaction with Gores Guggenheim, with the company making its official market debut

Growth Plan

Polestar Growth Plan (Company Presentation)

Cash Flow

Cash Flow Forecast (Company Presentation)

This article was written by

Bill Maurer profile picture
33.75K Followers
I am a market enthusiast and part-time trader. I started writing for Seeking Alpha in 2011, and it has been a tremendous opportunity and learning experience. I have been interested in the markets since elementary school, and hope to pursue a career in the investment management industry. I have been active in the markets for several years, and am primarily focused on long/short equities. I hold a Bachelor of Science Degree from Lehigh University, where I double majored in Finance and Accounting, with a minor in History. My major track focused on Investments and Financial Analysis. While at Lehigh, I was the Head Portfolio Manager of the Investment Management Group, a student group that manages three portfolios, one long/short and two long only. I have had two internships, one a summer internship at a large bank, and another helping to manage the Lehigh University Endowment for nearly a year. Disclaimer: Bill reminds investors to always do their own due diligence on any investment, and to consult their own financial adviser or representative when necessary. Any material provided is intended as general information only, and should not be considered or relied upon as a formal investment recommendation.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Investors are always reminded that before making any investment, you should do your own proper due diligence on any name directly or indirectly mentioned in this article. Investors should also consider seeking advice from a broker or financial adviser before making any investment decisions. Any material in this article should be considered general information, and not relied on as a formal investment recommendation.

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